Technology

Insight / Accountex 2018: exhibitor highlights and what's new

On 23-24 May, Accountex – the UK’s biggest accountancy exhibition – will be held at London ExCeL. Here’s a first look at what’s new from some of the exhibitors for 2018, to help you plan your visit

Insight / 43% of UK businesses report cyber breaches

More than four in 10 UK businesses have suffered a cyber breach or attack in the past 12 months, according to research by the Department for Digital, Culture, Media and Sport (DDCMS), which is urging companies to take action ahead of the introduction of the General Data Protection Regulations (GDPR) next month

Insight / One month to go until GDPR comes into force

Today marks the start of the final month before the General Data Protection Regulation (GDPR) comes into force, with the Association on Accounting technicians (AAT) providing five tips on what businesses should do if they have not taken any action to date

Insight / KPMG expands alliance with AI specialist

KPMG is to expand its global alliance with software development platform provider Appian in a push to create artificial intelligence (AI) services which improve business decision-making and compliance

Insight / UK Finance call to collaborate to cut cyber crime

With warnings of a major online attack imminent, UK Finance, which represents around 300 firms in the finance and banking industry, is calling for greater collaboration to tackle growing cyber threats

Insight / Top tips: how to carry out an HR data audit for GDPR

With the General Data Protection Regulation (GDPR) only a month away, Alastair Brown, chief technological officer at Bright HR, provides tips on how to carry out a HR data audit to identify areas which do not meet the new standards ahead of the deadline

Insight / Grant Thornton to sponsor digital cyber academy

Grant Thornton is to join Deloitte and BAE system in a partnership with UK cyber security start-up Immersive Labs to help further advance the company’s digital cyber academy (DCA) which aims to provide real-life training

Insight / FRC lab seeking AI project participants

The Financial Reporting Council’s (FRC) financial reporting lab is seeking representatives of listed companies, investors/analysts and technology experts to participate in a project looking at the impact of the technology in the production and consumption of corporate reporting

Insight / Gig economy and technology challenge workforce strategy

Companies need better strategies to manage the growing use of ‘non-traditional’ labour, including freelancers, contractors and ‘gig’ employees, while technology is changing the nature of the skills required in all sectors, including accountancy, according to two recent surveys

Insight / RBS buys FreeAgent accounting software

Edinburgh-based accounting software supplier FreeAgent has been bought for £53m by RBS, marking the bank’s first acquisition since its disastrous £49bn takeover of Dutch giant ABN Amro in the lead-up to the financial crisis

Insight / FTSE 100 failing to report on cyber security testing

Two months before the introduction of the general data protection regulations (GDPR), only a minority of FTSE 100 companies are currently reporting in detail on their plans to demonstrate strong cyber security, according to analysis by Deloitte

Insight / Accountants must watch out for cryptocurrencies

ACCA is warning accountants of the importance of maintaining an up-to-date understanding of developments in the fast-moving space of cryptocurrencies like Bitcoin, in light of the risks of money laundering and consumer exploitation

Insight / Central banks warned over digital currencies

Central banks should think carefully about the implications for financial stability and monetary policy before issuing digital currencies to the general public, according to a report from the Bank for International Settlements (BIS), which suggests bitcoins and other cryptocurrencies are ‘poor imitations of money’

Insight / Five things accountants need to know about GDPR

As well as advising clients on how to be compliant with the General Data Protection Regulation (GDPR), which comes into force on 25 May, accountants must also ensure that their firms are prepared. Adam Prince, vice president of compliance, product management at Sage, provides five tips on what accountants can do to be compliant by the deadline

Insight / Plans to create pan-EU fintech hub

The European Commission has unveiled plans to make the EU a global hub for technology-enabled innovation in financial services (fintech), including new rules designed to help crowdfunding platforms grow across the EU's single market
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